v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Rental $ 11,694 $ 11,767 $ 23,386 $ 23,494
Other property 0 66 11 132
Total revenue 11,694 11,833 23,397 23,626
Expenses:        
General and administrative 1,204 1,202 2,711 3,195
Stock compensation 744 810 1,548 1,294
Depreciation and amortization 3,646 3,828 7,364 7,646
Property 824 828 1,729 1,674
Merger 2,838 0 3,403 0
Impairment of real estate investment property 0 4,000 0 4,000
Total expenses 9,256 10,668 16,755 17,809
Gain on sale of real estate investments, net 7,542 0 7,542 84
Operating income 9,980 1,165 14,184 5,901
Other income (expense):        
Interest and other income 72 33 97 95
Income from unconsolidated investment in a real estate property 0 185 38 264
Interest expense, net of unrealized gain on interest rate swaps and derivative settlements (3,395) (4,016) (7,957) (8,064)
Loss on other investments (172) 0 (172) 0
Other expense, net (3,495) (3,798) (7,994) (7,705)
Net income (loss) 6,485 (2,633) 6,190 (1,804)
Net (income) loss attributable to noncontrolling interests in Operating Partnership (1,110) 611 (902) 611
Net income (loss) attributable to Modiv Industrial, Inc. 5,375 (2,022) 5,288 (1,193)
Preferred stock dividends (773) (796) (1,548) (1,623)
Net income (loss) attributable to common stockholders $ 4,602 $ (2,818) $ 3,740 $ (2,816)
Income (loss) per share attributable to common stockholders and noncontrolling interests:        
Basic (in usd per share) $ 0.45 $ (0.32) $ 0.34 $ (0.33)
Diluted (in usd per share) $ 0.45 $ (0.32) $ 0.34 $ (0.33)
Weighted-average number of common shares outstanding        
Basic (in shares) 10,323,670 10,123,721 10,318,460 10,048,760
Diluted (in shares) 12,812,041 11,717,049 11,911,788 11,518,510
Distributions declared per common share (in usd per share) $ 0.3000 $ 0.2925 $ 0.6000 $ 0.5850